How does one arrive at Fee Structure for an upcoming school
Q.1 How will be the fees be determined?
The issue pertaining to school fees structure will be examined critically and reviewed periodically by Life Educare, based on the ground realities. Based on the market study and competitor analysis along with Differential Analysis, a Performa will be forwarded by Life Educare to the Societies / Trusts on annual basis. The fee will then be finalized by the Chairman. Due considerations will be made for the following in determining the fee structure:
- Demographics of the city
- Economic factors
- Rules / Guidelines of the Central / State Government or its Bodies
- Guidelines or Norms of Affiliating Body, if any
- Fees charged by other Schools in the same city
- Cost of Education per student at Life Educare managed School.
- Social factors leading to scholarships, freeships, etc.
- Consideration of students from various backgrounds, including consideration for students with track record / contribution in sports, Arts, Music, Dance,
- NCC, Scouts, NSS, Other such activities / talents
- Financial Cost of the Project
Q.2 What will be the fee structure at LIFE EDUCARE MANAGED Schools.?
As per the guidelines issued by the CBSE, the fee charged in any school will have to be commensurate with the facilities provided in the school. Keeping in view the proposed state- of-the-art infrastructure and top-of-the-line technology induction in the School, the following type of fees will be charged in these schools.
Sr. No. Periodicity of Fee/Payment Type of Payment / Fee
1 One Time Payment Admission Fee & Security Deposit (Refundable)
2 Monthly / Quarterly Fee Tuition fee, Annual Charges, Amalgamated Fee, Bus/Conveyance Fee
(These heads of fee are allowed as per the Right to Education Act – 2009.)
Q.3 Who will finalize the fee & fee structure to be charged from the students?
The fee structure at various Life Educare managed Schools will be based on the ground realities at the location of the school and promulgated by the Trust after mutual consultation.
Q.4 What is the rate at which the fee would be increased every year?
The Tuition Fee & other fees including Security will be promulgated by the Societies / Trusts in consultation with Life Educare, at the commencement of the academic session and these fees will not be revised during the middle of the academic session. As per the guidelines issued by the CBSE, the parents’ representatives will be consulted before any upward revision in the fee structure, in the beginning of the academic session. However as per RTE Act-2009, schools are not allowed to increase the fee more than 10%.
Q.5 Will the school provide any fee concessions? What category of children will be granted fee concession in the school ?
The Society / Trust may grant fee concessions to certain category of children studying in the schools. This fee concession may be permissible only in respect of monthly Tuition Fee and all other additional fees viz. Activities Fee, Term Fee, computer / science Fee, Admission, Pupil’s Fund & Security Deposit will be payable in full. Some of the forms of concession that a Society / trust may consider are:
(a) No monthly tuition fee will be payable by the parents having ‘single Girl Child’ in the family.
(b) Maximum of two children (Brother or Sister) of the regular teaching or non- teaching staff of the school.
(c) 20% remission in Tuition fee in respect of second child, in case two children (Brother or sister) of the same parents are studying concurrently in the school.
(d) Full or half tuition fee exemption in respect of poor but deserving & meritorious students or budding / outstanding sports person or talented in the field of art / culture, subject to a maximum of 10% of the total strength of students in each class.
Granting of fee concession will be solely at the discretion of the Chairman of the School.